SiTime (NASDAQ:SITM) Director Edward Frank Sells 1,000 Shares of Stock

SiTime Corporation (NASDAQ:SITM) Director Edward Frank sold 1,000 shares of the company’s stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $745.00, for a total transaction of $745,000.00. Following the completion of the sale, the director directly owned 10,999 shares in the company, valued at approximately $8,194,255. The trade was a 8.33% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

SiTime Price Performance

Shares of SiTime stock traded down $61.35 during midday trading on Wednesday, hitting $618.71. 517,230 shares of the company were exchanged, compared to its average volume of 485,670. The firm has a market cap of $18.60 billion, a P/E ratio of 1,262.67 and a beta of 2.94. The firm has a 50 day simple moving average of $639.16 and a 200-day simple moving average of $546.60. SiTime Corporation has a 52 week low of $204.60 and a 52 week high of $901.81. The company has a debt-to-equity ratio of 1.29, a current ratio of 19.44 and a quick ratio of 18.50.

SiTime (NASDAQ:SITM) last issued its earnings results on Wednesday, August 5th. The company reported $2.34 EPS for the quarter, beating the consensus estimate of $1.95 by $0.39. The company had revenue of $157.43 million for the quarter, compared to the consensus estimate of $146.46 million. SiTime had a net margin of 3.01% and a return on equity of 4.99%. The firm’s revenue for the quarter was up 126.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.47 EPS. SiTime has set its Q3 2026 guidance at 3.500-3.650 EPS. Research analysts forecast that SiTime Corporation will post 6.33 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on SITM. UBS Group raised their target price on SiTime from $775.00 to $840.00 and gave the company a “buy” rating in a research note on Thursday, August 6th. Wall Street Zen upgraded shares of SiTime from a “hold” rating to a “buy” rating in a research report on Sunday, July 12th. Needham & Company LLC boosted their target price on shares of SiTime from $850.00 to $900.00 and gave the stock a “buy” rating in a research note on Thursday, August 6th. Roth Capital reissued a “buy” rating and set a $900.00 price target on shares of SiTime in a research note on Thursday, May 7th. Finally, The Goldman Sachs Group reissued a “buy” rating and issued a $900.00 price target on shares of SiTime in a report on Thursday, August 6th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $688.75.

Institutional Trading of SiTime

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Global Retirement Partners LLC acquired a new position in SiTime during the 2nd quarter valued at about $48,000. Rakuten Securities Inc. raised its stake in shares of SiTime by 188.5% during the fourth quarter. Rakuten Securities Inc. now owns 75 shares of the company’s stock worth $26,000 after buying an additional 49 shares during the last quarter. Parallel Advisors LLC lifted its holdings in SiTime by 26.2% in the first quarter. Parallel Advisors LLC now owns 77 shares of the company’s stock valued at $27,000 after buying an additional 16 shares during the period. Persistent Asset Partners Ltd bought a new position in SiTime in the second quarter valued at approximately $57,000. Finally, Quantbot Technologies LP acquired a new stake in SiTime during the 2nd quarter worth $63,000. 84.31% of the stock is owned by institutional investors.

About SiTime

SiTime Corporation is a fabless semiconductor company specializing in silicon timing solutions that leverage micro-electromechanical systems (MEMS) technology as an alternative to traditional quartz crystals. Its portfolio of programmable oscillators, resonators, clock generators, jitter attenuators and network synchronizers addresses precision timekeeping requirements across a wide range of electronic systems. By integrating MEMS resonators with advanced mixed-signal control circuitry, SiTime’s products offer enhanced reliability, resistance to shock and vibration, and a smaller footprint compared with conventional quartz devices.

The company’s timing devices serve diverse end markets, including telecommunications infrastructure, data center and enterprise networking, consumer electronics, automotive systems, industrial automation, and aerospace and defense applications.